Canada Stocks to Watch: TMX, Magna, Onex, Chorus and Cervus

TMX Group Ltd. said its first-quarter profit totaled C$37.8 million, or 70 Canadian cents a share. Adjusted earnings were 78 Canadian cents, ahead of the 73 Canadian cents analysts polled by Thomson Reuters were forecasting.

Magna International Inc. said its first-quarter profit and sales were higher, beating analyst expectations.

Onex Corp. hiked its quarterly dividend 36%. It also posted a first-quarter loss of $2.71 a share, compared with a profit of 51 cents a year earlier. Revenue was higher.

Chorus Aviation Inc. cut its quarterly dividend to 7.5 Canadian cents a share from 15 Canadian cents. It also posted a first-quarter profit of 7 Canadian cent a share, or 12 Canadian cents on an adjusted basis.

Cervus Equipment Corp. said its first-quarter profit fell 64% to C$500,000, or 3 Canadian cents a share, while revenue climbed 36%.

About Canada Real Time

Canada Real Time provides insight and analysis into what’s making news in Canada, a country punching above its weight on the world stage thanks to its vast resources and strong banking sector. Drawing on the expertise of The Wall Street Journal and Dow Jones Newswires, we take a look at developments in fields ranging from business to politics to culture. You can contact the editors at canadaeditors@dowjones.com